France slams Silicon Valley for skirting tax in Europe

Sunday, 17 September 2017Tallinn (AFP) Sept 15, 2017

French Finance Minister Bruno Le Maire accused US internet giants on Friday of escaping their fair share of taxes in Europe, as he pushed the EU to urgently address the issue. Big EU countries have become increasingly frustrated that internet giants such as Amazon, Apple, Facebook and Google escape paying a fair tax by basing their operations in lower-tax EU states such as Ireland and Luxemb

Tapping more revenues from big online companies, such as Amazon and Facebook, is the thrust of an EU drive – as multinationals stand accused of paying too little tax in Europe, by routing most of their profits to low-rate countries such as Luxembourg. The European Commission wants a fairer playing...